The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
Wood Group GTS, part of international energy services company Wood Group, signed a multi-year agreement with Mass Global Investment Company (Mass Global) for operations & maintenance of the Solymaniah Power Facility, located in the Kurdistan Region of Iraq.
German consul in Arbil said on Monday that talks underway to implement important projects in Kurdistan, including the establishment of a truck assembly plant.
WesternZagros Resources Ltd. is continuing concerted efforts to bring the Kurdamir-1 well safely under control. The operational status of the well is unchanged; it remains shut-in, and there has been no release of hydrocarbons or hydrogen sulphide (H2S) at the surface. There have been no injuries. Specialists from Boots & Coots International Well Control Inc. […]
The Australia Arab Chamber of Commerce and Industry (AACCI) recently (12-17 April) led a select group of Australian companies to the Kurdish region of Iraq in pursuit of business opportunities. They found an economy, now emerging after decades of isolation and neglect, buoyed by growing foreign investment, supported by oil and gas revenues, and underpinned […]
Baghdad approval to pay for foreign companies in Kurdistan region is temporary and does not constitute a solution
As part of its agreement with the Ministry of Labor and Social Affairs in the Iraqi region of Kurdistan, Asiacell, the large private Iraqi company announced the launch of the first free hotline for the Children's Rescue Center in coordination with United Nations Children's Fund (UNICEF), in an effort to aid abused children in the […]
With bilateral trade between the Iraqi Kurdistan Region and Turkey reaching US$9 billion, Massoud Barzani, the Kurdistan Region Government President, formerly an enemy of the Turkish government, was invited recently to Turkey for talks on increasing economic integration between the two entities. Lately, relations between Turkey and the Kurdistan Region have calmed significantly, progressing rapidly […]
Oil exports from Iraq's semi-autonomous northern Kurdish region will start only after the formation of a new Iraqi government, the region's natural resources minister said.
Iraqi Kurdistan Region Prime Minister, Burham Saleh, said on Sunday that the inauguration of an new Toyota dealership in Erbil is a “significant step to develop the private sector in the region”. “The move is indicative of the confidence in the region’s government and its stability,” Saleh said in an address on the occasion. He […]
Norwegian oil and gas producer DNO International (DNO.OL) gave no guidance as to when it expects to restart oil exports from Iraq when it published first-quarter results that beat forecasts on Tuesday.
The oil dispute between Iraq and the autonomous northern region of Kurdistan has been resolved.
Prime Minister Barham Salih will visit the UK next month to speak at a major international conference on trade and investment in the Kurdistan Region.
